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My guess is the slack in the oil supply will be taken up by other industries as the reduced demand from transport will leave large supply dropping the price for
by smegger001 5y ago
My guess is the slack in the oil supply will be taken up by other industries as the reduced demand from transport will leave large supply dropping the price for them. So I expect various chemical, plastic, pharmaceutical, pesticide, and fertilizer companies will use all of that oil.
- beerandt 5y agoYou already can see companies, eg Shell and Exxon investing heavily in their "chemical complex" refineries, and selling off refineries that only process fuel.